Crypto News
Clearmatics’ New DeFi Derivatives Let Traders Bet on Anything, but It’s Not a Prediction Market
Clearmatics, one of the first startups to explore how financial instruments can live on blockchains, is unveiling an entirely new class of decentralized futures products, which it is calling forecast markets.These fully on-chain instruments take the form of dated futures contracts that can track any public time series data, whether it's crypto indexes, inflation or temperatures, giving the appearance of something more akin to prediction markets such as Polymarket than traditional derivatives.Forecast markets will be supported on the soon-to-launch layer-1 blockchain Autonity and newly developed Autonomous Futures Protocol (AFP). The debut of the new Ethereum-compatible chain and the futures protocol will coincide with a "Forecastathon" next month, a way to invite quants, engineers and DeFi enthusiasts to participate in creating...
One-Two: IMF Reiterates That El Salvador Is Just Shuffling Bitcoin
At a recent press briefing, the IMF reiterated that the number of bitcoins accumulated in the wallets of El Salvador had not changed and that the increases in the country’s bitcoin reserve fund were due to token shuffling across multiple addresses. IMF Denies El Salvador’s Alleged Bitcoin Purchases in Press Briefing The alleged bitcoin purchasesSource link
Metaplanet Buys 780 More Bitcoin, Increases Stash to 17,132 BTC
Metaplanet (3350) said it bought 780 more bitcoin (BTC), bringing its total holdings to 17,132 BTC valued about $2 billion at current prices.The Tokyo-based company paid an average 17.5 million yen ($118,176) per coin, according to a Monday disclosure.Metaplanet uses a metric, called BTC Yield, to track shareholder value in relation to dilution. The BTC Yield for July 1-July 28 is 22.5%, Metaplanet said.For the quarter-ended June 30, BTC Yield was 129.4%, up from 95.6% in the preceding three months. Since adopting a bitcoin treasury strategy based on that of Strategy's (MSTR), Metaplanet has acquired 17,132 BTC, the largest holding among public companies outside the U.S, at an average price of $99,732 per coin.Metaplanet shares rose 5% to close...
BNB Smashes New All-Time High, Eyes $1,000 Mark
BNB experienced a significant surge on July 28, reaching a new ATH of $855, marking an increase of 7% within 24 hours and elevating its market capitalization to over $118.5 billion. BNB’s Continued Ascent: New All-Time High and Market Position Barely a week after surpassing the $800 mark to set a new all-time high (ATH),Source link
Here is the Bitcoin Price Level That Could be an Attractive Entry Point for BTC Bulls
As bitcoin (BTC) holds near its record highs, traders looking to join the uptrend may be facing a dilemma: should they enter now, or wait for a more favorable pullback?According to Markus Thielen, founder of 10x Research, a pullback to the former resistance-turned-support level of the May high, under $112,000, would be the best entry point."We would prefer to see bitcoin retest its $111,673 breakout level to provide a more favorable risk/reward entry point," Thielen said in a note to clients Monday.The risk-reward ratio compares the potential loss of an investment to its potential profit, helping traders determine whether the potential gains justify the associated risks. Traders typically target a risk-reward ratio of at least 1:2, necessitating bullish entries close to...